Real time data and level 2 paid service

⚖ Active trading
1

Hello ,

For ISA accounts can we please have real time data and level 2 window. Don’t mind if they are paid services like on TradingView.

Also execution speed is often affected at 9:30am when markets open, often resulting is huge losses. Is there a way to make it as fast as LightSpeed or IB. That is to say that can trade be passed directly to market instead of market makers?

Thanks

7 Likes
2

All my limit orders have routed directly to market in the past.

Although sticks on SETSsq might have to go through a MM

3

Are we planning to add these features?

For ISA accounts can we please have:

  1. real time data. Don’t mind if they are paid services like on TradingView.
  2. level 2 window.
  3. Transfer of SHARES to another provider if needed.

Does Trading 212 earn money from price spreads?
It would be good to see your feature roadmap so i as a customer can make informed choices:

Thanks
Alisha

1 Like
4

FCA rules place a high-level obligation on firms to ensure that client orders are executed on terms that are most favourable to that client, which is referred to as the “best execution obligation”. So markup on spread and payment for order flow are not legal.

It remains a mystery to me as to how a fractional order for 0.1 share is filled at the same price as a market order for 1 share at the same instant would be filled.

5

To add to what @Richard.W said in the main website you can find more info and statistics regarding Trading212’s best execution stats. https://www.trading212.com/en/Best-Execution

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Definitely +1 for Level 2, improve the app to avoid crushing 90% of the time at the market open and extra hours trading!

1 Like
7

Would also like level 2 please.

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8

Level 2 free with no subscription for 3 months with webull at the moment @smitchlovesfunk

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9

This never seems to be the case though. Place an order and always opens in the worst position. Never in the favour of the customer.

10

@Tabbyh7 I think this is only a psychological trick on yourself. What do you really mean by “opens in the worst possible position”?

I sometimes look to see if I could have bought the same shares more cheaply a few minutes or hours. That does often happen, about half the time.

11

I have L2 market data and it isn’t as useful as you might think unless you have sophisticated software to support your trading. The only benefit it gives me is being able to see the market depth and know where to place a limit order so that I can buy/sell in the bid/ask and therefore not lose on the spread.

That said, unless you are trading huge sums in a single share that has a wide spread, the effort over time probably isn’t worth it.

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Well that is exactly what it is worth for even if only for the reasons you stated. Now I have a trial of it on webull and it is super useful. You see large volumes pending and you can see resistances that will be difficult to break through… so very useful to time your entries and exits.

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ImEven if it was a paid add on (depending on the price ofcourse) I would consider it

14

Different beast as the liquidity over on CBOE is significantly smaller than, say, LSE but you can see CBOEs level 2 for free

http://markets.cboe.com/us/equities/market_statistics/book/nok/

https://www.cboe.com/europe/equities/market_statistics/book_viewer/

(Search VODl for Vod or SMTl for SMT… basically add a lower case L)

Data fees and licencing from the LSE are a dog - so you’ll find a L2 LSE data feed is pretty expensive and (as some have said above) as debatable value to moderately small retail investors.